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3i Infotech (3i) started in 1999 as a back-office service provider for the ICICI Bank Group. Now, 3i is a software products, technology and transaction services provider, for most of the domains and mainly to the BFSI segment. It has a client-base of 1,500 clients spread across the world, particularly in America, which contributes 50% to its total profits.In the last 5 years, 3i Infotech has increased its revenue from Rs 292 cr to Rs 2,305 cr, while its profits jumped from Rs 32 crore to Rs 266 crore. It has been able to grow up in both organic and inorganic way. The result is that it now ha s a high debt-equity ratio of 2.1. To service this, it issued Qualified Institutional Placement (QIP) of Rs 317.8 crore in Sep 2009.